1. How long does it take for the bank to approve a house purchase mortgage loan?
It takes about a month to process the mortgage loan review, and the review and approval time will vary, so the specific situation should be subject to the regulations of the handling bank selected by the lender.
If the bank's processing speed is faster, it will take more time to review and approve housing loan applicants. When applicants apply for a housing loan from the bank, all information submitted by the applicant must be true and valid, so as not to affect subsequent processing. In the loan business, the bank's handling of various businesses is very detailed. The staff in the review process check the materials one by one, mainly focusing on the borrower. After the mortgage loan is approved, the user can bring the information to the bank to handle the interview business. Just make the repayment on time.
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Home loan is any form of home purchase loan support provided by banks and other financial institutions to home buyers, usually using the purchased home as collateral. According to the source of the loan, it is divided into two types: provident fund loan and commercial principal and interest repayment method, and equal principal repayment method. The interest rate of housing loans is based on the bank's benchmark interest rate for the same period, and the loan interest rates of different banks may rise slightly.
2. Repayment methods
According to the repayment method, it is divided into two types: equal principal and interest.
The equal principal and interest repayment method is to repay the same amount of loan (including principal and interest) every month during the repayment period. In this way, since the monthly repayment amount is fixed, the family can be controlled in a planned way. Income expenditure also makes it easier for each family to determine their loan repayment ability based on their own income.
The equal installment principal repayment method is to calculate the interest on the principal based on the remaining principal, so the repayment amount is larger in the initial period, and in subsequent periods, the monthly repayment amount is larger in the initial period. The funds are combined with households with strong repayment ability.
The equal principal and interest repayment method is also called the monthly average method. The principal repayment speed is slower and the repayment pressure is lighter. The price is more total interest paid. The total interest difference is in the short and medium term (1-5 The period (year) will not be very obvious, only the interest rate difference will be obvious. Regardless of the equal principal repayment method, the repayment method is the same. It is equal to the remaining principal multiplied by
Which repayment method you choose depends on your personal repayment ability. Do not wait for the principal repayment just because you want to pay less total interest. Many people still choose the equal principal and interest repayment method.
2. How long does it take for a house purchase loan to be approved?
Loan approval time varies by country and region, and is also affected by many factors, such as the applicant's credit score, the completeness of required documents, the time for home appraisal, etc. Typically, loan approval takes anywhere from a few days to a few weeks. It is recommended that you consult your local bank or financial institution for more precise information.
3. How long does it usually take to get a loan for buying a house?
I recently applied for a loan through an intermediary for the second-hand house I bought. It was said that it normally takes about 10 days, but it took almost 10 days. 3 weeks. The reason is that there are too many people buying houses and applying for loans recently.
After the approval is passed, it will take nearly a month after getting the real estate certificate before the loan can be released. This is from CCB.